PointOne Holdings Announces Development of Neuhaus Lake Worth Apartments

South Florida Real Estate Firm PointOne Holdings has partnered with Flournoy Development Group to develop a class “A” multifamily community in Lake Worth, Texas. The 288-unit community will be comprised of 12 separate 24-unit, three-story buildings with 48 detached garages. The property, to be named Neuhaus Lake Worth, will feature exceptional amenities, including a resort-style pool, clubhouse with state-of-the-art fitness center and gaming area, multiple dog parks, outdoor grilling areas, and more.

The 14.93-acre site is located approximately less than half a mile north of the intersection of Fort Worth’s perimeter highway, Loop 820, and State Highway 199, which connects Lake Worth to downtown Fort Worth. The community’s location will give residents quick and convenient access to employment centers, retail, and entertainment destinations. The Dallas/Fort Worth Metroplex is one of the top regions in the nation for business, thanks to its low cost of living, a business-friendly environment, a strong base of well-educated and skilled employees, and robust access to both U.S. and international markets through its transportation network. In addition, rents have grown in excess of eight percent in the past year.

The joint venture recently closed the site acquisition and financing for the project. Construction will soon be underway, with first units scheduled to deliver in the winter of 2022.

POINTONE HOLDINGS is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States, Texas, Virginia, and Colorado. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $1 billion. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication.